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Bill > HB4348

MI HB4348

Insurance: other; pharmacy benefit manager licensure and regulation act; create. Creates new act.

summary

Introduced
02/24/2021
In Committee
02/15/2022
Crossed Over
03/24/2021
Passed
02/16/2022
Dead
Signed/Enacted/Adopted
02/23/2022

Introduced Session

101st Legislature

Bill Summary

A bill to license and regulate pharmacy benefit managers; to require reporting of certain data; to provide for the powers and duties of certain state governmental officers and entities; to provide remedies; to require the promulgation of rules; and to require and to provide sanctions for violation of this act.

AI Summary

This bill creates the Pharmacy Benefit Manager Licensure and Regulation Act, which requires pharmacy benefit managers (PBMs) that provide services to Michigan residents to obtain a license from the Department of Insurance and Financial Services. The bill sets forth various requirements and restrictions for PBMs, including network adequacy standards, transparency reporting, and limitations on spread pricing and the use of affiliated pharmacies. The bill also establishes parameters for PBM audits of pharmacies and prohibits PBMs from retaliating against pharmacists or pharmacies that exercise their rights under the act. The bill takes effect on January 1, 2024.

Committee Categories

Health and Social Services

Sponsors (5)

Last Action

Assigned Pa 11'22 With Immediate Effect (on 02/23/2022)

bill text

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bill summary

Document Type Source Location
State Bill Page http://legislature.mi.gov/doc.aspx?2021-HB-4348
House Substitute (H-1) http://www.legislature.mi.gov/mileg.aspx?page=CurrentVersionAmendment&cvFileName=2021-HCVBS-4348-0O338.pdf
Senate Substitute (S-2) http://www.legislature.mi.gov/mileg.aspx?page=CurrentVersionAmendment&cvFileName=2021-HCVBS-4348-00D420.pdf
BillText http://www.legislature.mi.gov/documents/2021-2022/publicact/htm/2022-PA-0011.htm
Bill http://www.legislature.mi.gov/documents/2021-2022/publicact/pdf/2022-PA-0011.pdf
BillText http://www.legislature.mi.gov/documents/2021-2022/billenrolled/House/htm/2021-HNB-4348.htm
Bill http://www.legislature.mi.gov/documents/2021-2022/billenrolled/House/pdf/2021-HNB-4348.pdf
Senate Substitute (S-2) http://www.legislature.mi.gov/mileg.aspx?page=CurrentVersionAmendment&cvFileName=2021-HCVBS-4348-00C719.pdf
BillText http://www.legislature.mi.gov/documents/2021-2022/billengrossed/House/htm/2021-HEBS-4348.htm
Bill http://www.legislature.mi.gov/documents/2021-2022/billengrossed/House/pdf/2021-HEBS-4348.pdf
Senate Substitute (S-1) http://www.legislature.mi.gov/mileg.aspx?page=CurrentVersionAmendment&cvFileName=2021-HCVBS-4348-00B716.pdf
Fiscal Note/Analysis - SUMMARY OF BILL REPORTED FROM COMMITTEE http://www.legislature.mi.gov/documents/2021-2022/billanalysis/Senate/pdf/2021-SFA-4348-F.pdf
Fiscal Note/Analysis - SUMMARY OF HOUSE-PASSED BILL IN COMMITTEE http://www.legislature.mi.gov/documents/2021-2022/billanalysis/Senate/pdf/2021-SFA-4348-L.pdf
Fiscal Note/Analysis - Revised Summary as Reported from Committe http://www.legislature.mi.gov/documents/2021-2022/billanalysis/House/pdf/2021-HLA-4348-0717C7E9.pdf
BillText http://www.legislature.mi.gov/documents/2021-2022/billengrossed/House/htm/2021-HEBH-4348.htm
Bill http://www.legislature.mi.gov/documents/2021-2022/billengrossed/House/pdf/2021-HEBH-4348.pdf
Fiscal Note/Analysis - Summary as Reported from Committee http://www.legislature.mi.gov/documents/2021-2022/billanalysis/House/pdf/2021-HLA-4348-EC872164.pdf
House Substitute (H-1) http://www.legislature.mi.gov/mileg.aspx?page=CurrentVersionAmendment&cvFileName=2021-HCVBS-4348-0N295.pdf
Fiscal Note/Analysis - Summary as Introduced http://www.legislature.mi.gov/documents/2021-2022/billanalysis/House/pdf/2021-HLA-4348-EFE1CF7D.pdf
BillText http://www.legislature.mi.gov/documents/2021-2022/billintroduced/House/htm/2021-HIB-4348.htm
Bill http://www.legislature.mi.gov/documents/2021-2022/billintroduced/House/pdf/2021-HIB-4348.pdf
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